Silver Daily Chart Review

 

siy00-nov-13-2016

 

I made this silver daily chart yesterday, so it’s not fresh out of the oven, so to speak.  The overall theme is still the same, even though silver has pushed much lower in recent days. For the last 4 months or so, silver has been in a decline, that I still have to call a correction.  I will try and be more consistent, but a decline in a bigger bullish phase, is just a correction, but a rally that is not in a bullish phase would be a counter rally.

One reason is that the US dollar still has a very big bear market trip ahead of it, as the panic to run from stocks may intensify.